# Rabobank sees strong outlook for aquaculture amid Covid recovery - Responsible Seafood Advocate

> Rabobank's report 'Global Aquaculture Update 1H 2022' projects strong seafood demand and high farmed salmon and shrimp prices. It expects relatively flat feed costs and cooling fishmeal demand, with soymeal becoming more competitive.

- Date: 2022-02-04 · published 2022-02-04T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/42777-rabobank-sees-strong-outlook-for-aquaculture-amid-covid-recovery-responsible
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Cooling fishmeal demand alongside competitive soymeal prices suggests feed buyers may have more room to substitute away from fishmeal in 2022.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-06-20 | [Stretching out supplies of fish food to aquaculture species](https://feedsoft.ai/events/64610-stretching-out-supplies-of-fish-food-to-aquaculture-species.md) | -0.2% | -1.9% |
| SBM | 2019-12-19 | [China Hog Production Seeing Slight Recovery Amid Measures](https://feedsoft.ai/events/55587-china-hog-production-seeing-slight-recovery-amid-measures.md) | -1.1% | -0.8% |
| SBM | 2018-09-21 | [Rabobank: Global poultry sector faces ongoing volatility - Food & Agribusiness](https://feedsoft.ai/events/63197-rabobank-global-poultry-sector-faces-ongoing-volatility-food-and-agribusiness.md) | -1.0% | +1.6% |
| SBM | 2019-03-24 | [Poultry Quarterly Q2 2019: China and trade restrictions key drivers for an improving, but volatile global outlook
						 \| The Poultry Site](https://feedsoft.ai/events/60245-poultry-quarterly-q2-2019-china-and-trade-restrictions-key-drivers-for-an.md) | -2.7% | -4.0% |
| SBM | 2018-02-12 | [Aquaculture: A Growing Opportunity for U.S. Soy - U.S. Soybean Export Council](https://feedsoft.ai/events/66575-aquaculture-a-growing-opportunity-for-u-s-soy-u-s-soybean-export-council.md) | +8.6% | +7.6% |

## Sources

- globalseafood.org: https://www.globalseafood.org/advocate/rabobank-sees-strong-outlook-for-aquaculture-amid-covid-recovery/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.